Ethyl Chloride Price Trends and Forecast

Ethyl Chloride Regional Price Overview

Get the latest insights on price movement and trend analysis of Ethyl Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ethyl Chloride Price Trend for Q1 of 2024

During the first quarter of 2024, ethyl chloride prices in Asia saw a steady incline, influenced primarily by the rising costs of feedstock materials like ethylene and hydrochloric acid, alongside an escalation in energy and crude oil prices. This trend was bolstered by steady yet consistent demand in key markets such as India and China, fostering a generally optimistic outlook in the region.
 

Ethyl Chloride Price Chart

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Conversely, in Europe, the price dynamics of ethyl chloride were less volatile, showing mild fluctuations influenced by the ongoing conflict between Russia and Ukraine, which disrupted trade and diminished consumer support from the pharma and textile sectors. The war entered its third year since the invasion of Ukraine by Russia. Thereby, a long-term hindrance in industrial activities curtailed the overall regional consumption.

This led to a reduction in demand for hydrochloric acid and exerted downward pressure on ethyl chloride prices despite rising manufacturing costs, which were further inflated because of the Euro’s depreciation against the US Dollar.

Meanwhile, in North America, geopolitical tensions in the Middle East severely impacted trade routes and elevated freight costs, leading to cautious purchasing behaviors among consumers and a wait-and-see approach among suppliers. This resulted in mixed market sentiments and higher production and processing costs, primarily driven by increases in crude oil prices.

Analyst Insight

According to Procurement Resource, Ethyl Chloride prices are expected to continue fluctuating since the supply and demand trajectory is not projecting much change going forward.

Procurement Resource provides latest prices of Ethyl Chloride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.